General market information

• Author: Ovcak Kos, Maja
• Pages: 13-20

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try Fiche Sloven ia

13

2. Gener al m arket inf orm ation

2.1 Key market dat a

Ta ble 5: K ey m arke t da ta

Gene ra l m ar ket

sit ua tio n ( e. g. tren ds

in th e m ar ke t, r ece nt

de velopm en ts in the

m ark et , pri ce

fluctu at ions, etc.)

In 2016, the grow th in sales cont inued in th e Slovenian r eal p ropert y m ark et, especially du e to t he grow th in the num ber

of sale s of re sid ent ia l rea l p rope rt y an d con str ucti on l and; t he grow th had sta rted wi th an i nte nsiv e rev iva l of the m ark et in

20 14. Whi le pri ces of re siden tial rea l pr oper ty hit t he b ott om in 20 15, last year , t hey increa sed to such a c onsid erab le ext ent .

The Slo ven ian rea l p rop ert y mar ke t i s e xp ect in g t he b egi nn ing of a ne w in ve stm e nt a nd con str uct io n c ycle , sinc e su pply

wi ll t ry to foll ow the incr eased dem and . 32 t housa nd r eal prop ert y sa les w ere concl uded in 201 6 on t he f ree mar ket or at pub lic

aucti ons. The n umb er o f bu ildings, par ts of buil dings and land sold alm ost reached the num ber of th e recor d ye ar of 20 07. The

to tal v alue of rea l pr operty sales last year am ount ed to ap proxim ately EUR 2 .1 billion , and r eached EUR 2 billi on

for the first tim e sin ce t he recor d ye ar of 20 07 , w hen it amou nte d to aroun d EUR 2 .3 bil lion. Com pared to 201 5, the t otal

contractual value of r ecorded sales i ncreased by approxi mat ely one four th, which is the high est increase since th e st art of our

moni toring process. Com pared to 2013, when t he value of sales am ounted to approximately EUR 1.3 billion, thus bein g the

sm all est sin ce th e st ar t of our m on ito rin g pro cess, it g rew by a lm ost tw o th ird s. We c an exp ect th at t he fin al num b er of resi den tia l

real pr operties sold w ill com e close to the record v alue regist ered in 20 07. Th e increase in the num ber of sales of r esidential

real propert y cont inued last year for the th ird y ear in a r ow.

Cont ra ry t o 2 015 , whe n t he nu mb er of sale s of re side nt ial rea l p rop ert y incr eas ed m ost ly d ue t o th e sal e o f f lat s i n m ul ti-d welling

bu ilding s, last year t he n um ber of h ouse sales si gnificantl y in crea sed. Com par ed to 20 15 t he num be r o f r ecord ed sa les of

flat s a nd ho uses jo in t ly incr eased by 1 3 p er ce nt. Com p ared to 2 013 , t he num be r of sa les of residen t ial r eal

pr operty increa sed b y 6 0 pe r ce nt and was on ly around 5 p er cent low er com pared to 2007. Sales of office, r etai l, service

and hosp ital ity premises drop ped last year . Afte r hit ting bot tom in 201 5, sale s of buil ding pl ots final ly cam e to life l ast yea r.

Acco rdi ng to the pr elimin ary da t a, com par ed to 2 0 1 5 sa le s in cr eased by ap pro x im at e ly on e sixth, w hich cou ld

indi cate the st art of a new inv est me nt cycle. The t rend in the grow th in t he n umber of tr ansact ions made w ith r esiden tial

real prop ert y is co nti nuin g in th e ar ea of Cent ral Slov enia. The p rice s of flat s a nd ho use s after hitting bot tom at t he st art of

20 15 show a m or e obv io us r ising t r end. There has been a t urnaround in t he m arket of building land. After nine years of

decline, the num ber of sales and prices sh ow a st rong growt h trend. Last year, sales of farm and forestland also increased in

th e ar ea of Cen tral Sloveni a. Th e valu e of m arket sales of farm land in com pari son with the prev ious y ear in creased by m or e

th an one fi ft h and reached almost EUR 3 .2 m illion. The av erage pri ce of farmlan d w as EUR 2.10/ m2 and did not ch ange. The

va lue of ma rke t s ales of forestland l ast year re ached al most EUR 1 .4 mil lion , a dr op o f on e fi ft h in com par ison wi th th e pr ecedi ng

year. Thi s decrea se in sales w as du e to a decline of 36 per cent in t otal area of forestland sold last year . The average p rice of

for est land, which was EUR 0 .48/ m2 last year , incr eased by one fif th in compar ison wit h t he p recedi ng y ear.

Sales of commercial real propert y ar e m ostly concentr at ed in Ljub ljana, wher e last year Slov enia r ecorded 8 4 per cent of all

sales of offices and 53 per cent of all sales of other busin esses pr em i ses in Cent r al Sl ov enia. There w as a low num ber of

tr an sact ion s wi th com m er cial pr em ises; pri ces f lu ctu ate gr eat ly ev ery y ear. Ap pro xi mat el y 2 95 0 f lat s w ere sol d i n m ult i-dw ellin g

build ings in Lj ubl jana (t he ca pital) , or 8 per cent more t han in t he pr ecedin g year . The average price of a used flat was arou nd

EUR 117,0 00, or EUR 2 ,18 0 per square m etr e of usef ul floor sur face, 7 per cen t h ig her compared to t he p reced in g year . The